By Nick Said CAPE TOWN (Reuters) – India chased down a modest victory target of 79 to claim a seven-wicket win over hosts South Africa in the second test at Newlands on Thursday and share the two-match series 1-1 after an extraordinary game finished inside five sessions. India seamer Jasprit Bumrah took 6-61 to bowl …
Cricket-India complete seven-wicket win over South Africa to share series Read More »
By Rupam Jain and Sumit Khanna GANDHINAGAR, India (Reuters) -India’s Gujarat state is in talks with chipmakers in Japan, South Korea and the United States for investments in the state, its top minister said on Thursday, in pursuit of India’s ambitions of becoming a chipmaker for the world. Semiconductor manufacturing is one of Prime Minister …
India’s Gujarat holding talks with Japan, US firms as Modi eyes chipmaking hub Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee ended slightly stronger on Thursday, aided by dollar inflows, even as most of its Asian peers were on the back foot as investors moderated their expectations of early U.S. rate cuts this year. The rupee ended at 83.23 against the U.S. dollar, higher by 0.05% compared …
Rupee closes slightly higher supported by dollar inflows Read More »
By Bharath Rajeswaran and Manvi Pant BENGALURU (Reuters) -India’s benchmark indexes bounced back after a two-session drop on Thursday, led by financials on strong business updates and energy stocks on investment plans. The blue-chips NSE Nifty 50 index climbed 0.66% to 21,658.60 points, while the S&P BSE Sensex added 0.69% to 71,847.57 points. “Expect markets …
Financials, energy lead rebound in Indian shares after two-session fall Read More »
By Jaspreet Kalra MUMBAI (Reuters) – Indian banks disbursed some employee benefits through the digital rupee in December, helping the Reserve Bank of India meet its target of one million daily transactions by end-2023, three sources directly familiar with the development said. The central bank digital currency (CBDC), called the e-rupee, has been devised as …
India’s digital currency transactions top 1 million/day in Dec -sources Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – India’s benchmark 10-year bond yield could fall around 50 basis points in 2024, and it is an “opportune” time to increase duration risk, Sandeep Yadav, head of fixed income at DSP Mutual Fund said. “Fixed income investors should increase debt duration further in 2024, as this the best time …
Opportune time to up duration risk in Indian bonds, says DSP Mutual Fund’s Yadav Read More »
By Bharath Rajeswaran BENGALURU (Reuters) – Foreign portfolio investors (FPI) made record monthly purchases of Indian equities totalling 661.35 billion rupees ($8 billion) in December, National Securities Depository data showed. The record buying propelled India’s stock benchmarks, Nifty 50 and Sensex, to fresh all-time highs. FPIs bought shares worth 427.33 billion rupees in the first …
Record monthly FPI buying in December drives India’s Nifty 50 to record highs Read More »
By Sherin Elizabeth Varghese and Deep Kaushik Vakil (Reuters) – Gold retreated on Wednesday, on course for its largest percentage decline in over three weeks, after minutes from the U.S. Federal Reserve’s latest policy meeting flagged uncertainty about the timing of potential interest-rate cuts. Spot gold fell 1%, to a nearly two-week low of $2,037.61 …
Gold slips after US Fed minutes signal uncertain start to rate cuts Read More »
NEW DELHI (Reuters) – India’s Adani Group won relief from Supreme Court on Wednesday when judges ruled that the company, hit hard by a U.S. short-seller’s allegations last year of improper business dealings, does not need to face additional investigation. The Securities and Exchange Board of India (SEBI) has been investigating the group after Hindenburg …
Explainer-Adani vs Hindenburg Research: What you need to know Read More »
By Sumit Khanna AHMEDABAD, India (Reuters) -India’s Gujarat state on Wednesday said it has signed initial investment agreements worth $86 billion with 58 companies including steelmaker ArcelorMittal’s joint venture and others operating in sectors such as energy, oil and gas, and chemicals. Gujarat, the home state of Prime Minister Narendra Modi, has been signing these …
